Welcome to our dedicated page for Evercore news (Ticker: EVR), a resource for investors and traders seeking the latest updates and insights on Evercore stock.
Evercore Inc. (NYSE: EVR) is a global independent investment banking advisory firm whose news flow reflects its advisory mandates, sector coverage and international expansion. Company releases describe Evercore as focused on mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure, as well as assisting clients with raising public and private capital. News items also highlight its equity research, equity sales and agency trading execution activities, and its wealth and investment management services for high-net-worth and institutional investors.
Visitors to this EVR news page will find updates on senior hires across key groups such as the financial sponsors group, healthcare investment banking and transportation investment banking. Recent announcements include the addition of senior managing directors in New York, London and Stockholm, and the opening of new offices in locations like Riyadh and Richmond, Virginia, illustrating Evercore’s ongoing buildout in the Americas, Europe and the Middle East.
Evercore’s news also covers its role as financial advisor on transactions, such as serving as exclusive financial advisor in a recapitalization involving industrial real estate assets. In addition, the firm regularly announces and hosts sector-focused conferences, including a healthcare conference and a power and utility conference that bring together public and private companies, investors and industry experts to discuss themes ranging from biotechnology and healthcare technology to power demand and artificial intelligence.
Investors, clients and observers can use this page to follow Evercore’s corporate developments, advisory activity highlights, conference announcements and other material updates drawn from its press releases and related disclosures.
Evercore Inc. (NYSE: EVR) reported its Q1 2023 results, with net revenues of $572.1 million, a 21% decline from $722.9 million in Q1 2022. Adjusted net revenues were $577.8 million, down from $728.3 million. Net income fell to $83.4 million from $158.0 million year-over-year. Diluted earnings per share decreased to $2.06, compared to $3.79 in the previous year. The compensation ratio rose to 64.1%, alongside a decrease in operating margin to 18.7%. Evercore declared a quarterly dividend of $0.76 per share, a 6% increase, to be paid on June 9, 2023. During the quarter, Evercore returned $327.8 million to shareholders through dividends and share repurchases. The firm advised Blackstone on a $4.6 billion acquisition, indicating resilience amid market challenges.
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